The Global Market Tanks as Investors Get Disappointed by Central Banks

DAILY BRIEF— If markets are going to have one historic day of falls in a week, why not have a second? Thursday was even more brutal than Monday, with Europe’s main stock gauge falling the most on record, European markets more broadly going into meltdown and U.S. equities crushed, too. Europe’s response is ramping up after it was blindsided by the U.S. travel ban. The U.K.’s government is now focused on delaying the worst of the outbreak and conceding that many more will be infected. There are said to have been fierce battles in the Oval Office over Trump’s address on the virus earlier this week. Plus palladium got crushed and entered a bear market, investors are even selling gold to meet their liquidity needs and, not to be left out.